14 Traditional Markets in Province to Pursue 2020 Gyeonggi-type Specialization Projects
Suwon NewsUpdated 2020.01.06 06:23
Published 2020.01.06 06:22
Updated 2020.01.06 06:23
Gyeonggi Province and Gyeonggi Market and Commercial District Promotion Agency launch recruitment for participating marketsThree projects underway: Gyeonggi-type commercial district revitalization zones (2 locations), innovation markets (2 locations), Gyeonggi Shared Market (10 locations)
[Suwon Ilbo=Park No-hun] Gyeonggi Province and the Gyeonggi Market and Commercial District Promotion Agency announced on the 6th that they will promote the '2020 Gyeonggi-type Traditional Market Specialization Project' targeting 14 traditional markets in the province to vitalize alley economies.
The project, aimed at strengthening the livelihoods of over 64,000 traditional market workers and merchants in the province as well as revitalizing commercial districts in aging downtown areas, is composed of three types: ▲Gyeonggi-type commercial district revitalization zones ▲Gyeonggi-type innovation markets ▲Gyeonggi Shared Market.
First, the 'Gyeonggi-type commercial district revitalization zone' is a project introduced for the first time among regional municipalities, designating traditional markets and surrounding commercial areas as 'commercial district revitalization zones' and implementing various support measures to inject new vitality into stagnant downtown commercial districts.
The province plans to designate a total of 6 commercial district revitalization zones over the four years of the seventh popular election-led administration, and this year will designate 2 new zones following the designation of 2 zones last year. For each designated zone, up to 4 billion won can be provided over four years to support budgets necessary for commercial district activation, including facility improvements, marketing, and cultural and artistic space creation.
Additionally, a 'commercial district revitalization center' will be established to oversee various projects so that the relevant commercial district can sustain itself and secure differentiated competitiveness, and a 'commercial district revitalization council,' a private-led commercial district self-governing governance body with participation from merchants and experts, will be operated.
Second, the 'innovation market' is a project aimed at improving the negative image of traditional markets as inconvenient and underdeveloped and creating a space for communication with local residents. This year, the province plans to newly select 2 markets following the selection of 2 markets last year.
By investing 500 million won per market, specialized products, services, and tourism resources will be discovered and developed as specialization factors of traditional markets, and self-sufficiency will be supported through service innovation. In particular, through restoring customer trust and strengthening price and origin labeling, after-sales service, sanitation and cleanliness service innovation, and enhancement of merchant organizational capacity, markets will transform into 'traditional markets where people want to go.'
Third, the 'Gyeonggi Shared Market' creates 'shared commercial spaces' where diverse local actors can participate as sellers in locations connected with traditional markets, alley commercial districts, and five-day markets. Following the selection of 2 locations last year, 10 new locations will be designated this year.
Through the 'shared market business unit and manager,' the goal is to discover and diversify new products and programs that can create new customers together with residents, cooperatives, farmers, and food trucks, while promoting commercial district activation through the creation of communities where merchants and residents harmonize. Up to 200 million won in budget will be invested per market for this purpose.
Jo Jang-seok, Head of the Small Business Division, stated, "We will discover specialization factors that promote customer inflow to traditional markets and surrounding commercial districts, and breathe new life into alley economies by reviving the shared functions of the 'marketplace' where local residents, merchants, and consumers come together harmoniously."
The application deadline is January 31st for innovation markets and shared markets, and February 28th for Gyeonggi-type commercial district revitalization zones. For more details on participation methods, please refer to the Gyeonggi Province (www.gg.go.kr) website or the Gyeonggi Market and Commercial District Promotion Agency (www.gmr.or.kr) website.
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